VET shows mixed momentum as indicators suggest downside risk with potential support at $0.00640

Traders Union
All News
Crypto News
Vechain slips 0.18% this week

Highlights

VeChain (VET) trades at $0.007137, below its MA-20, MA-50, and MA-200, signaling persistent bearish pressure across all timeframes.
Momentum is strongly bearish, with a MACD sell signal, elevated ADX, and intraday bull/bear power indicating seller dominance; RSI at 39 and CCI at -93 suggest oversold conditions.
Key technical levels: resistance is the Ichimoku Kijun at $0.007765, support at $0.00640; VET is likely to trade between $0.00640 and $0.00770 over the next five days, with less than 20% probability of a meaningful price rise.

Momentum deteriorates over the week amid persistent oversold signals

On the weekly timeframe, VET is trading well below the MA-20, MA-50, and MA-200, pointing to a persistent negative trend. The nearest resistance aligns with the weekly Ichimoku Kijun at $0.007765, while momentum remains weak, as indicated by the MACD strong sell and weekly ADX confirming the strength of the downtrend. The weekly RSI at 39 and CCI around -93 reflect ongoing oversold conditions, and the Awesome Oscillator shows a neutral stance, offering no clear reversal signals.

Further downside expected as technical signals strengthen bearish outlook

For the next 5–7 trading days, VET is likely to fluctuate between $0.00640 and $0.00770, with a further decline more probable given the strength of bearish weekly indicators. While there is less than a 20% chance of a rebound, slight slowing in selling momentum may result in a sideways band if oversold levels persist. A break above $0.007765 could trigger a short-term recovery toward $0.00770, but a move below $0.00640 would likely prompt another leg lower.

Viktoras Karapetjanc, expert at Traders Union, views VeChain's ongoing bearish momentum this week as a potential setup for patient investors. He notes that VET remains well below major moving averages, with persistent oversold signals and strong downtrend confirmation from technical indicators. However, Karapetjanc sees opportunity in the market’s current exhaustion, suggesting that reduced selling pressure could lead to a sideways consolidation phase. The expert emphasizes that while further downside is possible if $0.00640 breaks, a move above $0.007765 could quickly unlock recovery potential. "If selling fatigue intensifies and resistance is reclaimed, I expect confidence in VeChain to rebound — keeping a close watch for bullish opportunities this week."

Previously it was reported that VeChain is trading below its major moving averages, with the price remaining under sustained downward pressure and encountering resistance at the Ichimoku Kijun level. Momentum and oscillators, including MACD, ADX, and RSI, confirm dominant bearish sentiment and oversold conditions, suggesting little immediate prospect for recovery unless key resistance is overcome.

Source of Data: VET Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.